"That example of a successful soft fork in Litecoin has made people start to think that we could get a successful SegWit implementation in Bitcoin and that could increase capacity and move us to the next level. In the eight to 14-month horizon, my forecast would be around $4,000.”

Masters emphasized that Litecoin’s official activation of the Bitcoin Core development team’s Segregated Witness (SegWit) early today is serving as a major driving factor of Bitcoin price. Since miners and investors are carefully observing the effect of SegWit on Litecoin, Masters explained that the demand for Bitcoin is rising exponentially.

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